Thailand Merchant Accounts
Thailand’s economy continues to grow rapidly and boasts the second largest economy in Southeast Asia. Thailand currently is the fourth richest country in the region and is able to offer many advantages for merchants in high risk industries that are looking for a viable merchant account but find they have very few options in their domestic jurisdictions. Many banks are unwilling to provide credit card processing and other payment solutions to high risk merchants for various reasons. Multiple factors contribute to a business being designated as a high risk merchant that could potentially affect its ability to obtain and utilize crucially important merchant account services. These factors can depend on the part of the world a business is headquartered in and how restrictive their banking regulations are. Some of the reasons banks decide to designate a company as ‘high risk’ can include but are not limited to:
- Risk of Chargeback
- Type of Business
- Risk of Fraud
Interest in Thailand merchant accounts has skyrocketed because Thailand banking policies permit banks to work with high risk merchants and provide them with attractive tax incentives and a great way to expand their market coverage.
MNBS Payment Solutions has a long history of providing solutions and support to low and high- risk merchant industries in Thailand and all over Asia. Some examples of high risk merchants who stand to benefit from a Thai merchant account include but are not limited to:
- ISP Hosting Services
- Direct Response
- Stock Trading
- Forex Trading
- Law Firms
- Computer Hardware
- Financial Services
- Multilevel Marketing
MNBS Payment Solutions specializes in creating solutions specifically for high risk businesses seeking merchant accounts with the capacity to satisfy all their payment solution and merchant service needs. We offer an array of services including Thailand credit card processing. Thailand merchant account holders gain the advantage of being a part of the rapidly expanding Asian financial market.
MNBS Payment Solutions is proud of our legacy of assisting merchants everywhere with offshore payment processing and a range of merchant account options in Thailand, China and all over Asia.
Please contact MNBS Payment Solutions for more information